SBA 504 Loans in Seattle, WA
Find lenders offering sba 504 loans in the Seattle, including Bellevue, Tacoma, Redmond, and surrounding areas. Compare rates, terms, and programs from 21 lenders.
Which SBA 504 lenders serve Seattle?
21 lenders offering sba 504 loans in the Seattle, WA area.
Evergreen Business Capital
Local SBASeattle, WA
Northwest Business Development Association
Local SBASpokane Valley, WA
Ameritrust CDC
Local SBAEdmonds, WA
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
U.S. Bank, National Association
SBACincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Bank of Hope
SBALOS ANGELES, CA
One of the largest Korean-American banks in the U.S. and a top SBA 7(a) lender. Offers commercial real estate loans, SBA lending, trade finance, and full-service commercial banking with branches across major metro areas.
Wells Fargo Bank National Association
SBASioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
Fifth Third Bank
SBACINCINNATI, OH
Major regional bank and SBA preferred lender with operations across the Midwest and Southeast. Offers SBA 7(a) and 504 loans, conventional commercial lending, equipment financing, and commercial real estate loans.
Byline Bank
SBACHICAGO, IL
Chicago-based bank and one of the top SBA 7(a) lenders in the Midwest. Provides SBA loans, commercial real estate financing, equipment loans, and government-guaranteed lending for small and mid-sized businesses.
Enterprise Bank & Trust
SBACLAYTON, MO
Midwest-based bank and top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate financing, and specialty lending for industries like healthcare and professional services.
Cadence Bank
SBATUPELO, MS
Regional bank serving the Southeast and Texas, and an active SBA preferred lender. Offers SBA 7(a) and 504 loans, commercial real estate lending, equipment financing, and full-service business banking.
Zions Bank, A Division of
SBASALT LAKE CITY, UT
Major Western U.S. bank and SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, equipment financing, and agricultural lending across the Mountain West.
KeyBank National Association
SBACLEVELAND, OH
Major regional bank and SBA preferred lender with nationwide commercial banking operations. Offers SBA 7(a) and 504 loans, conventional business lending, commercial real estate, equipment finance, and capital markets services.
What does the Seattle commercial real estate market look like?
Seattle is one of the nation's premier technology-driven commercial real estate markets, with Amazon's sprawling South Lake Union campus, Microsoft's Redmond headquarters, and a dense ecosystem of cloud computing, AI, and biotech firms generating enormous demand for office, lab, and data center space. The Bellevue CBD has emerged as a rival urban core, attracting major tenant relocations from Seattle proper including Meta and Amazon office expansions in the Spring District. Industrial demand is intense along the Kent Valley and the Port of Seattle corridor, where e-commerce fulfillment and trade logistics drive some of the lowest vacancy rates in the western United States. The city's multifamily market remains one of the most active in the country despite rent stabilization discussions, fueled by continued population growth and high housing costs that sustain renter demand.
Key Economic Drivers
- ●Amazon, Microsoft, Google, and Meta tech campuses driving office and R&D absorption
- ●Port of Seattle and Kent Valley industrial corridor supporting international trade and logistics
- ●Fred Hutchinson Cancer Center and the South Lake Union biotech cluster
- ●Bellevue's Spring District and East Link light rail expansion reshaping Eastside development
Market Insight
Washington state has no personal or corporate income tax, which has been a decisive factor in attracting tech company expansions and headquarters relocations to the Seattle-Bellevue metro, though commercial property tax rates in King County remain above the national average.
How do sba 504 loans work in Seattle, Washington?
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In the Seattle metro area, borrowers can access 21 lenders offering SBA 504 financing, including Bellevue, Tacoma, Redmond, and surrounding areas. Loan amounts typically range from $125K to $17M with rates from Below market (CDC portion ~5-6%).
Who should consider sba 504 loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
What are the key requirements?
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
SBA 504 Loans in Seattle FAQ
How many SBA 504 lenders serve Seattle, WA? ▼
What are SBA 504 loan rates in Seattle? ▼
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
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